16-06-2024 6:11 PM
I set up a new private account not long back for selling off genuinely unwanted goods (as I said before, better off selling them on a private account than paying full fees or watering down the clothing business selling nans old china stuff).
30 sales made and it came up saying I have to update my account and provide NI number. Fine, I've nothing to hide so I did.
So it seems the rollout has started. Probably just new accounts when they hit 30 sales and won't be for established accounts for some time maybe.
It first popped up on the app and that page was where I got to. I also had an email about it.
So it seems now, anyone wanting to open a private account to sell stuff as a side hustle had best be prepared to have to give their NI numbers once they reach 30 sales.
Probably will be for all sellers to have to provide it soon surely?
06-03-2025 5:47 PM - edited 06-03-2025 5:48 PM
@punzel9072 wrote:what is to stop HMRC charging tax on the eBay earnings of private sellers who are only clearing out items from the loft, their late granny's effects, and thinning out DVDs and old clothes that no longer required?
The Income Tax Acts. They define what income is subject to income tax.
06-03-2025 5:50 PM
06-03-2025 6:06 PM
Selling Personal unwanted items does not make you a trader and usually they are not included for tax purposes
only if you sell an item for £6000 + you may be subjected to Capital Gains Tax...if applicable as not all " assets" are.
I think it is to double down on " benefit" fraud, amongst other " tax avoidance" situations whilst monitoring everything you do, possibly.
10-03-2025 10:21 AM
I clicked on your link to see if Ebay have permission - this was the information once I had opened the arrow against Ebay
This firm is shown on the Register because it is an Appointed Representative.
If something goes wrong, you can complain to this AR or to this AR's principal firm. You may also be able to then complain against the principal to the Financial Ombudsman Serviceopens in a new window (FOS), or claim from the Financial Services Compensation Schemeopens in a new window (FSCS) if the principal firm has gone out of business owing you money. Alternatively, FSCS can sometimes consider claims against failed ARs if they did something the principal didn't allow them to do. Please refer to the section below on ‘How are customers protected’ for more detail.